Panama & U.S. Complete FTA

The U.S. and Panama completed free trade agreement (FTA) negotiations. USDA says the agreement provides that more than half of all current U.S. farm exports to Panama will become duty-free immediately, including high-quality beef

Dec 27, 2006

The U.S. and Panama completed free trade agreement (FTA) negotiations. USDA says the agreement provides that more than half of all current U.S. farm exports to Panama will become duty-free immediately, including high-quality beef, mechanically de-boned chicken, turkey, pork variety meats, whey, soybeans, crude vegetable oils, cotton, wheat, barley, most fresh fruits, almonds, walnuts and many processed foods such as soups, chocolate confectionary, distilled spirits, wines and pet food.

U.S. ag will also benefit from expanded market access through tariff-rate quotas on pork, chicken leg quarters, dairy products, corn, rice, refined corn oil, dried beans, frozen French fries and tomato products. Tariffs on most remaining U.S. farm products will be phased out within 15 years.